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Which of the following is TRUE regarding the economic order quantity (EOQ) model? Holding cost per unit per year is dependent of order quantity. Holding

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Which of the following is TRUE regarding the economic order quantity (EOQ) model? Holding cost per unit per year is dependent of order quantity. Holding cost per unit per year is dependent on the selling price per unit. Ordering cost per order is dependent on order quantity. Demand rate is independent on order quantity

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